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Cited by 347Higher Education Research StudiesFinancial Literacy, Pension, Retirement AnalysisSchool Choice and Performance

The DOI matches its Crossref record; 55 of the 57 references it cites were found in a registry or an index.

The Nature of Credit Constraints and Human Capital

Lochner, Lance J, Monge-Naranjo, Alexander·2011·American Economic Review
DOI 10.1257/aer.101.6.2487
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Abstract

We develop a human capital model with borrowing constraints explicitly derived from government student loan (GSL) programs and private lending under limited commitment. The model helps explain the persistent strong positive correlation between ability and schooling in the United States, as well as the rising importance of family income for college attendance. It also explains the increasing share of undergraduates borrowing the GSL maximum and the rise in student borrowing from private lenders. Our framework offers new insights regarding the interaction of government and private lending, as well as the responsiveness of private credit to economic and policy changes. (JEL D14, H52, I22, I23, J24)

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Crossref · 10.1257/aer.101.6.2487

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Citations

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Show all 57 references

Research works printed but not linked: 5

  1. Berkner Lutz K, 2000, Federal Student Loans in, 1989, 1992
  2. Cameron Stephen V, 1999, Financing College Tuition: Government policies and Educational priorities, ed. Marvin H. Kosters, 76
  3. Cawley John, 2000, K. Arrow, S. Bowles and S. Durlauf, 230
  4. Ellwood David T, 2000, Securing the Future: Investing in Children from Birth to College, ed. Sheldon Danziger and Jane Waldfogel, 283
  5. Titus Marvin A, 2002, Federal Student Loans in, 1989, 1992

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Metadata

Authors
Lochner, L. J., & Monge-Naranjo, A.
Affiliations
  • Western University (CA)
  • Department of Economics, Pennsylvania State University, 502 Kern Graduate Building, University Park, PA, 16802-3306.
ORCID
Lochner, Lance J
Venue
American Economic Review
Publisher
American Economic Association
Published
2011-10-01
Volume
101
Issue
6
Pages
2487-2529
ISSN
0002-8282 (ISSN-L)
DOI
10.1257/aer.101.6.2487
OpenAlex
W2141338042
Cited by
347
References
57
Citations by year
2026: 22 · 2025: 18 · 2024: 19 · 2023: 16 · 2022: 21 · 2021: 12 · 2020: 28 · 2019: 16 · 2018: 22 · 2017: 32 · 2016: 31 · 2015: 27 · 2014: 32 · 2013: 17 · 2012: 19
FWCI
118.92
Type
journal article
Language
en
Open access
closed
Locations
  • American Economic Review (publishedVersion)
  • RePEc: Research Papers in Economics (submittedVersion)
Topics
  • Social Sciences › Education › Higher Education Research Studies
  • Social Sciences › Economics, Econometrics and Finance › Finance › Financial Literacy, Pension, Retirement Analysis
  • Social Sciences › Education › School Choice and Performance
Keywords
credit constraints, human capital, student loans, private lending, limited commitment, college attendance, household income, private credit, education funding

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